India exports register highest ever growth in last fiscal

Indian exports registered the highest ever growth of 37.5 per cent in the last fiscal. The exports stood at around 246 billion US Dollars in the fiscal. Commerce and Industry Minister Anand Sharma said in New Delhi that this demonstrates a robust demand for Indian merchandises not just in western co...

SBI hikes its base rate by 25 basis points: Makes loans dearer

Country's largest bank SBI has announced a hike in its base rate by 25 basis points, making home and auto loans dearer. The Bank also increased its benchmark lending rate by the same margin which would mean the existing borrowers also have to pay more for their loans.The rate hike would be ...

SEBI to set up forensic accounting cell for checking fraud

Security Exchange Board of India (SEBI) will soon set up a forensic accounting cell to identify any bungling in the books and regulatory filings of listed firms and market entities.The market watchdog would also churn out new investigative methods with an aim to catch fraudsters early in their sinis...

Sensex registers a modest gain of 31 points at 19,122

Wheat procurement falls 64 per cent on delayed harvesting

With delay in harvesting of crop in Punjab and Haryana, the government's wheat procurement has fallen by 64 per cent so far this year at 46.81 lakh tonnes. The procurement of wheat stood at 130 lakh tonnes in the year-ago period. According to the latest data of Food Corporation of India, FC...

India's exports rose by 43.9 per cent to 29.1 billion US dollars in March and ended the fiscal 2010-11 with a growth of 37.1 per cent at 245.9 billion dollars. Releasing the trade figures in New Delhi, Commerce and Industry Minister Anand Sharma said exports have done well in the past fisca...

The Prime Minister's economic advisory panel has said that the rate of price rise might slow down to around 6 per cent in the current fiscal on the back of good farm output. The Chairman of the panel C Rangarajan said in New Delhi that the inflation will come down in April and that should h...

Sensex down by 27 pts in afternoon trading

Recovering from initial losses, the Sensex at the Bombay Stock Exchange gained more than 100 points at one stage, today, before slipping into negative territory once again, in very volatile trade. After repeatedly moving into and out of the negative zone, the Sensex stood 27 points in negative terri...

BSE Sensex stands 27 points in negative territory at 19,064 in afternoon deals

Recovering from initial losses, the Sensex at the Bombay Stock Exchange gained more than 100 points at one stage, today, before slipping into negative territory once again, in very volatile trade. After repeatedly moving into and out of the negative zone, the Sensex stood 27 points in negative terri...

BSE Sensex recovers and stands 65 points gain in afternoon deals

Recovering from initial losses, the Sensex at the Bombay Stock Exchange gained more than 100 points at one stage, today, before losing some steam, to stand a more modest 65 points, or 0.3 per cent in positive territory, at 19,156, in afternoon deals, a short while ago. But earlier, in the morning, t...